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Murrey Math Lines 14.03.2018 (USDJPY, USDCAD)

14.03.2018

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the support at the 0/8 level, break it, and then continue falling towards the -1/8 one.

USDJPY1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the price may break the 4/8 level and then continue falling towards the support at the 2/8 one.

USDJPY2
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDJPY3Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to continue growing towards the resistance at the 7/8 level.

USDCAD1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks from the 5/8 level, the instrument may continue growing to reach the resistance at the 8/8 one.

USDCAD2
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

USDCAD3Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


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